If economic profit equals accounting profit, what do implicit costs equal?
Question:
If economic profit equals accounting profit, what do implicit costs equal?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
The implicit cost will be ZERO if the economic profit is ...View the full answer
Answered By
Nrusinghananda Panda
Teaching is the process of attending to people's needs, experiences and feelings, and making specific interventions to help them learn particular things. We are looking at teaching as a specific process – part of what we do as educators, animators and pedagogues.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
You are currently a worker earning $60,000 per year but are considering becoming an entrepreneur. You will not switch unless you earn an accounting profit that is on average at least as great as your...
-
Multiple Choice Questions 1. The short-run supply curve of a perfectly competitive firm is a. Its MC curve. b. Its MC curve above the minimum point of AVC. c. Its MC curve above the minimum point of...
-
How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller than accounting profit? What are the three basic sources of economic profit? Classify each of the...
-
Use lHpitals rule to find the limit. 31 + 3 43 14t - t + 3 lim
-
Suppose that the cost C of removing p percent of the particulate pollution from the smokestacks of an industrial plant is given by (c) Can 100% of the particulate pollution be removed? Explain. 7300...
-
Suppose the charge of a proton and an electron differ slightly. One of them is - e, the other is (e + Ae). If the net of electrostatic force and gravitational force between two hydrogen atoms placed...
-
Smith Ltd has prepared the following information showing the actual contribution margin earned from the sale of its only product, and the planned contribution margin. Required Calculate the sales...
-
The Rehe Company sells its razors at $3 per unit. The company uses a first-in, first-out actual costing system. A fixed manufacturing cost rate is computed at the end of each year by dividing the...
-
Total fixed costs are $32,200 for Cullumber Inc. It has a unit contribution margin of $19 and a contribution margin ratio of 35%. Compute the break-even point in sales dollars. Break-even point in...
-
Carrie DLake, Reed A. Green, and Doug A. Divot share a passion for golf and decide to go into the golf club manufacturing business together. On January 2, 2020, DLake, Green, and Divot form the...
-
Based on your answer to question 17, does MC change if TC changes?
-
If marginal physical product is continually declining, what does marginal cost look like? Explain your answer.
-
Probably the best way to use the employee performance evaluation and reward system to motivate members is to make team participation a key part of the employee's personal evaluation. This makes the...
-
A special tax has been levied by the city council in a formal vote. This new revenue source has been set aside for debt service purposes in an ordinance separate from the ordinance that created the...
-
Explain the structure/form of the supply chain management practiced by Gardenia Bakeries (KL) Sdn Bhd. Provide an appropriate diagram that illustrates the supply chain management practiced AND its...
-
Stars Exports Inc. has a beta of 1.49, the market risk premium is 8%, and T-bills are currently yielding 3.92%. What is the cost of equity capital using the CAPM approach?
-
The number of dwelling units or buildings per unit of land is called: Group of answer choices Density Floor-area ratio Setback Building coverage
-
What are the demerits of geosyncline theory? What are the merits of geosyncline? Explain in detail.
-
Use the following results of a coffee taste test given at a local mall. If one of these individuals is selected at random, determine the probability the individual selected. Prefers Johns Famous...
-
Find the inverse, if it exists, for the matrix. -1
-
Assume a current short-run tradeoff between inflation and unemployment, as well as a change in technology that permits the wider dispersion of economic policy news. How would the change affect the...
-
New Keynesian theory holds that wages are not completely flexible because of such things as long-term labor contracts. New classical economists often respond that experience teaches labor leaders to...
-
What evidence can you point to which suggests that individuals form their expectations adaptively? What evidence can you point to which suggests that individuals form their expectations rationally?
-
Factory overhead of $44,700 consists of Indirect labor of $21,900, Depreciation expense-Factory of $16,900, and Factory utilities of $5,900. a. Compute total manufacturing costs. b. Prepare a...
-
In Giannakakos et al. (2016), titled Using Video Modeling with voiceover Instruction plus feedback to train staff to implement direct teaching procedures, why do you think collecting data on the...
-
Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidios cost data table. 2. Calculate Presidios contribution margin ratio and...
Study smarter with the SolutionInn App